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Special interests are moving into prediction markets, and it's a problem

Special interests are moving into prediction markets, and it's a problem

Institutional hedges move prices. Campaigns read those prices as momentum. Journalists cite them as forecasts. Donors discover that moving a market is cheaper than running ads — and pays dividends if they’re right. 


Institutional hedges move prices. Campaigns read those prices as momentum. Journalists cite them as forecasts. Donors discover that moving a market is cheaper than running ads — and pays dividends if they’re right. 

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